(These averages represent state-level; individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas and Florida to offset the higher operating costs.Texas: The property must generate $5,752 ($9,256 - $3,504) more cash flow annually to compensate for the higher operating costs in Texas.Florida: The property must generate $2,343 ($5847 - $3,504) more cash annually to compensate for the higher operating costs in Florida.Overhead costs can have a large impact on cash flow.A Process For Selecting an Investment CityThere are too many potential cities to evaluate each one.

If a 3' square section was already damaged, I would deduct that from the total cost.Luxury Vinyl Plank (LVP) is the way to go.

Lastly regarding insurance, what is your deductible?

To become an REP you have to:- spend 750hrs or more in real estate investing activities (looking at zillow, watching BP youtube videos, actual property mgt, etc)- spend more time on real estate activities than any other single area (like a w2 job)My wife is a REP while I work at a W2, this allows us to take deductions from passive investing against our active income and saves us thousands of dollars every year on taxes.

The loss on the real estate is fully deductible.

Taxes, insurance, depreciation, maintenance and interest are all deductible.  

The Landlord insurance policy quotes I am receiving has a high deductible for Wind/Hail/Named Storm coverage which effectively means replacing the roof would be out of pocket for me which defeats the purpose of carrying this insurance.

I'm looking to deduct HELOC interest for costs related to making improvements on a primary home that is also used as a rental.

Other jurisdictions may have significant fines they can levy for doing this.

That's the cheapest I can get with replacement cost and a $5,000 deductible, no loss of rent coverage, etc.On a quad, I'd expect you're paying at least $250/mo or more.Lawn and snow removal also seems quite low.